Arista Networks, Inc. (NYSE:ANET - Get Free Report) insider John F. Mccool sold 17,433 shares of Arista Networks stock in a transaction on Monday, February 24th. The stock was sold at an average price of $93.14, for a total value of $1,623,709.62. Following the sale, the insider now directly owns 17,433 shares of the company's stock, valued at $1,623,709.62. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
John F. Mccool also recently made the following trade(s):
- On Wednesday, February 19th, John F. Mccool sold 112 shares of Arista Networks stock. The shares were sold at an average price of $102.11, for a total transaction of $11,436.32.
Arista Networks Price Performance
Shares of Arista Networks stock opened at $96.43 on Thursday. The company's 50 day moving average price is $112.54 and its two-hundred day moving average price is $102.09. The firm has a market capitalization of $121.61 billion, a P/E ratio of 43.44, a P/E/G ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.57.
Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.90 billion. On average, analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ANET. Arkadios Wealth Advisors raised its stake in shares of Arista Networks by 63.1% during the third quarter. Arkadios Wealth Advisors now owns 2,303 shares of the technology company's stock valued at $884,000 after acquiring an additional 891 shares during the last quarter. PFG Investments LLC acquired a new stake in Arista Networks in the third quarter valued at $314,000. J.W. Cole Advisors Inc. raised its position in Arista Networks by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,057 shares of the technology company's stock worth $1,941,000 after purchasing an additional 2,206 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Arista Networks by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 34,461 shares of the technology company's stock worth $13,227,000 after buying an additional 1,610 shares during the period. Finally, Old Port Advisors increased its stake in shares of Arista Networks by 23.5% in the third quarter. Old Port Advisors now owns 1,265 shares of the technology company's stock valued at $486,000 after buying an additional 241 shares during the period. Institutional investors own 82.47% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on ANET. The Goldman Sachs Group boosted their price objective on shares of Arista Networks from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. UBS Group boosted their price target on Arista Networks from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on Arista Networks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley upped their target price on Arista Networks from $102.50 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Evercore ISI increased their target price on Arista Networks from $110.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $113.79.
Read Our Latest Stock Analysis on Arista Networks
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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